Flora Growth Corp (NASDAQ: FLGC)’s stock price has soared by 15.93 in relation to previous closing price of 1.13. Nevertheless, the company has seen a loss of -2.24% in its stock price over the last five trading days. newsfilecorp.com reported 2024-11-13 that Fort Lauderdale, Florida–(Newsfile Corp. – November 13, 2024) – Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) (“Flora” or the “Company”) reported today its financial and operating results for the three and nine months ended September 30, 2024. “As the cannabis industry continues to grow, we at Flora are encouraged by the election of President-Elect Donald Trump and the potential for continued progress in cannabis reform,” said Clifford Starke, Chief Executive Officer.
Is It Worth Investing in Flora Growth Corp (NASDAQ: FLGC) Right Now?
FLGC has 36-month beta value of 1.75. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for FLGC is 9.33M, and currently, short sellers hold a 9.66% ratio of that float. The average trading volume of FLGC on November 15, 2024 was 305.19K shares.
FLGC’s Market Performance
FLGC stock saw a decrease of -2.24% in the past week, with a monthly decline of -22.94% and a quarterly a decrease of 42.27%. The volatility ratio for the week is 10.97%, and the volatility levels for the last 30 days are 12.66% for Flora Growth Corp (FLGC). The simple moving average for the past 20 days is -12.71% for FLGC’s stock, with a 1.39% simple moving average for the past 200 days.
Analysts’ Opinion of FLGC
Many brokerage firms have already submitted their reports for FLGC stocks, with ROTH Capital repeating the rating for FLGC by listing it as a “Buy.” The predicted price for FLGC in the upcoming period, according to ROTH Capital is $10 based on the research report published on October 13, 2021 of the previous year 2021.
MKM Partners, on the other hand, stated in their research note that they expect to see FLGC reach a price target of $6. The rating they have provided for FLGC stocks is “Buy” according to the report published on June 23rd, 2021.
FLGC Trading at -9.89% from the 50-Day Moving Average
After a stumble in the market that brought FLGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.27% of loss for the given period.
Volatility was left at 12.66%, however, over the last 30 days, the volatility rate increased by 10.97%, as shares sank -22.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.16% upper at present.
During the last 5 trading sessions, FLGC fell by -2.24%, which changed the moving average for the period of 200-days by +19.09% in comparison to the 20-day moving average, which settled at $1.5005. In addition, Flora Growth Corp saw -2.96% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FLGC starting from Starke Clifford, who purchase 6,795 shares at the price of $0.95 back on Sep 13 ’24. After this action, Starke Clifford now owns 6,846 shares of Flora Growth Corp, valued at $6,455 using the latest closing price.
Wolkin Harold, the Director of Flora Growth Corp, purchase 25,000 shares at $0.97 during a trade that took place back on Sep 06 ’24, which means that Wolkin Harold is holding 25,000 shares at $24,255 based on the most recent closing price.
Stock Fundamentals for FLGC
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.12 for the gross margin
The net margin for Flora Growth Corp stands at -0.28. The total capital return value is set at -1.22. Equity return is now at value -193.80, with -59.12 for asset returns.
Based on Flora Growth Corp (FLGC), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at -1.54. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is -138.04.
Currently, EBITDA for the company is -45.87 million with net debt to EBITDA at 0.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.26. The receivables turnover for the company is 16.36for trailing twelve months and the total asset turnover is 2.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
To put it simply, Flora Growth Corp (FLGC) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
